Originally Posted by AsylumGuido (Post 944155)

I have a bit more time to explain, voodooido. First of all, the excellent interview below with Khai Harley covers several of the philosophies of cap management that the Saints utilize. He points out how they take advantage of GAAP (generally accepted accounting principles) to maximize the cap. He also covers the misconception of "kicking the can down the road".

Secondly, I'll try to give a simple example of that part of their strategy. This utilizes the cost accounting principle of current value versus future value, or the "kicking of the can" referred to above.

In year one we're working with a $100 million dollar cap. Let's assume a 10% annual increase in the cap. In year one a $20M asset counts as (20/100=.20) 20% of the cap.

In year two the cap becomes $110M. That same $20M becomes 20/110=.1818 or 18.18% of the cap.

In year three the cap becomes $121M. That same $20M becomes 20/121=.165 or 16.5% of the cap.

In year four the cap becomes $133.1M. That same $20M becomes 20/133.1=.15 or 15% of the cap.

The cash paid in year one is better accounted for in subsequent periods when it becomes a smaller percentage of the cap. This frees up cap for other assets in all periods. This is the maximization of assets. However, the selling off or trading of assets in a current period negates all of the savings by forcing all future accounting for the costs of those assets into the current period.

Khai Harley talks Saints Salary Cap, Business of NFL Football - YouTube

Originally Posted by dizzle88 (Post 944210)

The new age of Superstar players unfortunately comes with this baggage.

I don't recall Colston, Henderson, Moore, Meachem and PT23 making any troublesome news in their time here.

These new ages guys aren't role models, they are entitled millionaires that have an ego bigger than their brain.

Originally Posted by saintfan (Post 944213)

They're kids - most of them anyway, relative to those of us with more than a few decades on em. Kids with a lot of money. At worst its a life lesson. Back in my days hanging out in honkytonks...with millions in my pocket? Lord have mercy...